-1x Short VIX Futures ETF (BATS:SVIX) Hits New 1-Year High – Time to Buy?

-1x Short VIX Futures ETF (BATS:SVIX) shares reached a new 52-week high during trading on Friday . The company traded as high as $29.20 and last traded at $29.0450, with a volume of 86535 shares changing hands. The stock had previously closed at $28.83.

-1x Short VIX Futures ETF Stock Up 0.6%

The stock has a 50-day simple moving average of $25.15 and a 200 day simple moving average of $21.52.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Jump Financial LLC boosted its stake in -1x Short VIX Futures ETF by 467.8% during the fourth quarter. Jump Financial LLC now owns 132,393 shares of the company’s stock worth $3,208,000 after buying an additional 109,078 shares during the period. Ramsey Quantitative Systems acquired a new stake in shares of -1x Short VIX Futures ETF during the first quarter worth about $1,156,000. Finally, JPMorgan Chase & Co. purchased a new position in -1x Short VIX Futures ETF in the second quarter valued at $273,000.

-1x Short VIX Futures ETF Company Profile

The -1x Short VIX Futures ETF (SVIX) is an exchange-traded fund that is based on the Short VIX Futures index. The fund tracks an index that provides daily inverse exposure to a portfolio comprising first- and second-month VIX futures positions with a weighted average maturity of one month. SVIX was launched on Mar 30, 2022 and is managed by Volatility Shares.